$MMT To the moon @Hodl_fm - @0xRourou_GL - @fernandoavax - @hurijihan_Noor - @Onefly - @AbRichard01 - @premk09 🤩
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Bernaz Ermanda
8.2K posts
Bernaz Ermanda
@bernazse
come from IT scene but passionate in design 💻 100% hustler 100% hacker 20% hipster
Jakarta, Indonesia 参加日 Eylül 2010
104 フォロー中319 フォロワー
KYC is now open for participants in Phase 2 of the Pre-Deposit Campaign
Over 24,000 wallets, representing approximately $1.74 billion in deposits, have successfully passed the preliminary wallet screening.
Hourglass@hourglasshq
KYC links for the @Stable Pre-Deposit Vault — Phase 2 are now live. We’re excited to share that over 24,000 wallets, representing ~$1.74 billion in deposits, successfully passed wallet screening. FAQs below: - Each user has until Tuesday, Nov 11th at 11:59 PM UTC to complete KYC. - Users who were unable to complete KYC earlier can do so during this window. - If you deposited and did not receive a KYC link, your wallet did not pass Chainalysis wallet screening. You can withdraw your USDC directly from the contract at any time. - KYC links are only accessible through the Hourglass frontend in the user dashboard. Never trust links sent elsewhere. - KYC vs KYB: KYC is for individuals; KYB is for businesses and entities. - If your KYC is rejected, do not resubmit immediately. A reopening process will be shared soon in the Hourglass Discord for users whose applications may have been rejected in error (e.g., blurry photo or expired ID).
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Bernaz Ermanda がリツイート
@stable The Pre-Deposit Tracking Dashboard v0.1 is now Live!
Phase 1 & 2 Participants can now view , manage & modify Pre-Deposit Positions & also earn a 5-10% yield boost by participating in governance votes.
Get Started: ⤵️
signup-stable.com/join
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Bernaz Ermanda がリツイート
@stable The Pre-Deposit Tracking Dashboard v0.1 is now Live!
Phase 1 & 2 Participants can now view , manage & modify Pre-Deposit Positions & also earn a 5-10% yield boost by participating in governance votes.
Get Started: ⤵️
signup-stable.com/join
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Pre-Deposit Campaign Phase 2: Revised Path Forward
Due to overwhelming traffic in the Stable Pre-Deposit vault, we are making the following changes to ensure fair participation and ample time for all users.
Deposits:
• Users can deposit via the Hourglass frontend or directly on chain (frontend recommended for safety).
• Deposits will reopen for another 24 hours from this tweet, up to $1M per wallet. Minimum remains $1k.
• Funds remain withdrawable 1:1 at any point until the KYC phase is complete. Non-KYC users may withdraw anytime.
• If you successfully deposited earlier, your deposit remains included and will be treated as eligible.
Eligibility & KYC:
• Users have 72 hours to submit KYC after the deposit window ends.
• After KYC review, all eligible deposits will be moved to the custodian before being deposited with our banking partner.
• A pro-rata amount of eligible deposits will be sent to our banking partner, and any remainder will be claimable via a withdrawal contract.
Allocation Model:
• If total eligible deposits exceed $500M, allocations will be pro-rata.
• Example: If total eligible = $1B, each wallet receives 0.5× its deposited amount; the remainder is claimable via the withdrawal contract.
Settlement:
• Final allocations (in USDT) will settle to Stable mainnet by December 31st at the latest.
Contract Recovery:
• Depositors that accidentally set the contract address as the owner of shares will be able to recover their USDC after the erroneous deposits are transferred to Anchorage custody via the transferToTreasury function.
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@stable @hourglasshq The Pre-deposit Campaign is Here!
Sign up on the mainnet within the next 48 hours to become valid for pre-depositing in the upcoming campaign.
Details: campaign-stable.app
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The Pre-Deposit Campaign Phase 2 led by @hourglasshq is ongoing.
Together, we're bridging the stablecoin ecosystem with real-world financial infrastructure.
Join the campaign led by Hourglass: hourglass.com/stable
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